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PROPERTY INFO
FACTS
- Single Family
- Built In 1962
- Price/Sqft : $236.39
- 2 Days on Market
- MLS # : 6178873
- Updated Date : 01/10/2021 at 04:04
CONSTRUCTION
- Beds : 3
- Floor Size : 2,407 sqft
- Baths : 3 full
Listing Agent
Berkshire Hathaway Homeservices Arizona Properties
Listing Agent's Description
Paradise Valley Oasis offers this 2400+SqFt, 3Bed + Den, 3Bath territorial w/oversized 2-car garage in the highly rated Paradise Valley School District. NO HOA! Easy access to the Dreamy Draw Recreational Area & Piestewa Peak Trails. Beautiful Courtyard w/Separate Guest Quarter Entrance - Perfect for in-laws or AirBnb! Entertain your friends & family in the open concept living space w/large island, granite counters & custom bar. Master bathroom boasts glass enclosed shower, jetted tub and huge walk-in closet. Private Jacuzzi is hot, up & running for those cool winter nights. Beautiful mountain views from the spacious covered back patio to large grassy area. RV Gates! Move In Ready! Minutes from great food, shopping and easy access to the 51. You don't want to miss this opportunity!
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PRICE & RENT TRENDS
Neighborhood: Paradise Valley Oasis South
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Paradise Valley Oasis South
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $2,050 |
EXPENSES | Loan Payment | -$1,976 |
Property Tax | -$364 | |
Property Insurance | -$74 | |
Property Management Fees | -$99 | |
CASH FLOW
-$463
|
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.
$569,000
PROJECTED PRICE
$2,050
PROJECTED RENT
0.36%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 3.17% |
Appreciation Year (1-5) | 7.2% |
Maintenance Year (1-5) | 8.00% |
Vacancy | 6.60% |
Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$156,535
LOAN DETAILS
$1,976
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 3.75% |
Down Payment | $142,250 |
Loan Amount | $426,750 |
1.5
YEARS SAVED
$4,458
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$2,070
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
Berkshire Hathaway Homeservices Arizona Properties
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6178873
Last Updated: 01/10/2021

Indicates a property listed by a real estate brokerage other than HomeUnion/Investimate by Mynd. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.